The term 'SHIP DAILY RECORD' is composed of three words: 'SHIP', 'DAILY', and 'RECORD'. The first word, 'SHIP', is a three-letter acronym for 'Logistics Officer Position'. This position is responsible for overseeing the logistics of a SHIP, including its cargo, crew, and maintenance. The second word, 'DAILY', refers to the DAILY RECORD-keeping that is required for this position. The third word, 'RECORD', refers to the records that must be kept in order to ensure the safety and efficiency of the SHIP. Together, these three words form the job description of a Logistics Officer Position, which requires the individual to keep a DAILY RECORD of the SHIP's activities.